- Reduction in Taxes (Legally): With the right offshore structure set up for your individual circumstances, companies can pay little or no tax, just a low annual fee and no taxation on income.
- Privacy & Anonymity: Privacy are another main reason that individuals and companies get attracted to an offshore environment. Since the rise of 9/11 there seems to be an increased lack of privacy all around. An offshore business can provide a high level of privacy. Often offshore businesses are set up with a Nominee Director so that your name does not appear on any documents that can be viewed by the authorities. You (the beneficial owner) then have a Power of Attorney which enables you to control the company, but with increased privacy.
- No Accounting (or accounting fees): Within many offshore jurisdictions there are no accounting requirements, so no annual accounts need to be provided to tax authorities.
- No Audits Required.
- No Reporting Required.
- Asset Protection: To secure against future claims such as judgment, divorce proceedings, bankruptcy, creditors and litigation.
- Estate Planning: Private Foundations, and Offshore Protective Trusts for accumulation of investment income and long-term benefits for beneficiaries on a favorable tax basis (without inheritance, income, or capital gains taxes)
- Offshore E-Commerce: Shifting business to an Offshore Haven removes restrictions, regulations and taxation. What can you do with 50% more time and money?For more details go to The Secrets of Offshore E-commerce.
- Currency Diversification: Offshore Investors and companies can benefit from the currency markets. Holdings in other major currencies other than their own country currency reduces risk of currency devaluation, and if well chosen, can contribute significantly to the net yield.
